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What is the most important check before expanding a business?

Answer and explanation

Correct answer: Checking demand, finance, operational capacity, and risk

Expansion increases investment, operating responsibilities, staffing needs, and business risk. Therefore, an entrepreneur should assess market demand, available finance, production or service capacity, and likely risks before deciding. A name change, hiding complaints, or opening branches without planning cannot establish whether expansion is feasible.

Related tags

Business ExpansionRisk AssessmentBusiness RiskBusinessTrade And CommerceBusiness Trade And CommerceBusiness StudiesClass 11 Mcq

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